CFOs Want More Proof of Tech Investment ROI

CFOs Want More Proof of Tech Investment ROI

In Deep 52% of CFOs and other senior finance execs say their company spends more on IT than peer organizations.

CFOs Want More Proof of Tech Investment ROI

Line Item 45% view tech mainly as a cost to be managed.

CFOs Want More Proof of Tech Investment ROI

Growth Tool 40% see IT primarily as a resource for improving operational profit.

CFOs Want More Proof of Tech Investment ROI

Measuring Stick 95% say their organization would meaningfully benefit by improving its ability to financially measure the impact of IT, specifically when it comes to enhancing business.

CFOs Want More Proof of Tech Investment ROI

Low Marks 66% would give their companies a "C" or "D" grade at being able to measure the financial contributions of IT to enhance business.

CFOs Want More Proof of Tech Investment ROI

Missed Projections 29% say the financial return of IT projects intended to improve business has fallen short of expectations.

CFOs Want More Proof of Tech Investment ROI

Weighing In 45% say those from business and functional units should have a greater say in IT project funding, and 28% say this input should come from finance.

CFOs Want More Proof of Tech Investment ROI

Restricted Participation Only 14% say business and functional company units are primarily responsible for this spending approval, and just 7% say that authority comes from finance.

CFOs Want More Proof of Tech Investment ROI

Amplified Input 72% say factors other than carefully considered business objectives, such as "being a squeaky wheel," overly influence the priority and funding of IT projects intended to improve business.

CFOs Want More Proof of Tech Investment ROI

Due Diligence 71% say their organizations should have access to more robust business information, such as product and customer profitability, about the money spent on IT.